Note: On Jan. 1, 2011, Reger requested, instead of a salary, to be compensated primarily in restricted stock. For 2012, Reger was granted 42,000 shares of the company instead of a salary.

Reger is still eligible for an annual bonus that is paid in cash and based on company performance. In 2012 his annual performance bonus was $721,770. In addition Reger received a discretionary bonus of $309,330 from the board of directors. Reger’s total cash bonus for the year was $1,031,100.

The company recorded an expense of $4,181,520 for stock awards as part of Reger’s long-term incentive compensation for 2012. A portion of that award includes time-based restricted stock in lieu of his salary.